http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.18Change: 0.06
R/$ = 10.52Change: 0.05
Au 1307.35 $/ozChange: 0.00
Pt 1482.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 18, 2012

Freeze both private, public sectors' salaries – Patel

Back
Rustenburg|Africa|Platinum|System|Africa|South Africa|Ebrahim Patel|Jacob Zuma
rustenburg|africa-company|platinum|system|africa|south-africa|ebrahim-patel|jacob-zuma



President Jacob Zuma's proposed freeze on salary increases for one year would apply to both the private and public sector, Economic Development Minister Ebrahim Patel said on Thursday.

"The announcement by the president covered both the private sector as well as the public sector... so it would certainly include the public sector," Patel told SAfm.

He was responding to a question posed by listeners on whether Zuma would also take a pay hike freeze.

"We've got to move beyond the cynicism," said Patel.

"Everybody must show some restraint. We've got to do it in the public sector, we've got to do it in the private sector."

The minister was speaking after Zuma held a meeting with business, labour and civil society on Wednesday to discuss how to recover investor confidence in the economy.

This was where Zuma reportedly called on all CEOs and executive directors in the public sector and senior executives in the public sector to agree to a freeze on increases in salaries and bonuses over the next 12 months.

Patel said: "The intention [of the proposed freeze]... is to respond to an enormous frustration that exists among sections of the workforce at the high income inequalities in South Africa.

"If we want to rebuild the economy... and act with one vision, we need a sense of shared responsibility.

"So this is an important symbolic act."

Patel said during the discussions, "all parties recognised that our current collective bargaining system is broadly sound...

"At the same time, very legitimate grievances have emerged during this period."

Zuma called the meeting in a bid to end a wave of violent wildcat strikes that has hit the country in the past weeks, sparked by the shooting of 34 striking miners by police at the Lonmin platinum mine in Marikana, Rustenburg in August.

Edited by: Sapa
Comment Guidelines
 
 
 
 
 
 
 
 
Other Macro and Micro News
Small Business Development Minister Lindiwe Zulu
Updated 1 hour 34 minutes ago Acknowledging that the newly formed Department of Small Business Development (DSBD) remained in the “process of configuration”, Small Business Development Minister Lindiwe Zulu assured Parliament on Tuesday that the department remained conscious of the need to...
President Jacob Zuma
Updated 2 hours 29 minutes ago President Jacob Zuma says South Africa is making progress in the fight against corruption, as evidenced by the Special Investigations Unit (SIU) probes he has authorised in the last five years. Between 2009 and 2014, the President signed 36 proclamations with five...
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel says government will be prioritising six ‘I’s as part of its “radical economic transformation” agenda for the coming five years. Delivering his Budget Vote in Parliament on Tuesday, Patel said the six components...
More
 
 
Latest News
Defence Minister Nosiviwe Mapisa-Nqakula
Updated 1 hour 3 minutes ago In her budget speech to Parliament in Cape Town on Wednesday, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula has reported progress in the institutionalisation of the relationship between the Department of Defence (DoD) and the local defence industry....
Small Business Development Minister Lindiwe Zulu
Updated 1 hour 33 minutes ago Acknowledging that the newly formed Department of Small Business Development (DSBD) remained in the “process of configuration”, Small Business Development Minister Lindiwe Zulu assured Parliament on Tuesday that the department remained conscious of the need to...
Updated 2 hours 8 minutes ago Combined Motor Holdings (CMH), the JSE-listed importer and distributor of MG and Maxus vehicles, has announced a number of structural changes for the brands in Africa. MG and Maxus are sold locally through Mandarin Motors.
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Local aerospace company Denel Aerostructures (DAe), part of the State-owned Denel Group, has won a fourth contract to manufacture parts for the Airbus A400M military air transport and air-to-air refuelling aircraft. The new contract, which was won in an international...
Bob Skinstad
Although CEO Mark McChlery and chief marketing officer Bob Skinstad likened themselves to children in a playground when taking on the task of “reengineering and repositioning” the Seartec brand, the “young, dynamic and enthusiastic guys” were like proud...
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Tertiary education institutions can use search engine giant Google’s Chromebook to provide secure mobile end-point devices for students on which they can share documents, work collaboratively on documents and access education materials and applications being used...
Local ceiling and partition company Abbeycon has beaten global competition at the Saint-Gobain Gypsum International Trophy competition, which was held last month in Berlin, Germany.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks